Category: Consumer Proposals

• Bankruptcies
• Consumer Proposals
• Insolvency News
• Something to Think About

Who should consumers trust for good financial advice? Licensed Insolvency Trustees are probably the most regulated players in entire consume debt industry. Trustees work to help you eliminate or reduce debt – the other players help you get further into debt. Choose wisely!

• Bankruptcies
• Consumer Proposals
• Current Events
• Something to Think About

Debt is not going away, it isn’t even going down, Canada’s debt crisis in widening everyday.

• Bankruptcies
• Consumer Proposals
• Division One Proposals
• Something to Think About

Credit recycling – how an insolvency proceeding helps you get back on track

• Bankruptcies
• Consumer Proposals
• Current Events
• Something to Think About

How did I get in this mess? C’mon, you know the answer you just have to be honest with yourself!

• Consumer Proposals
• Division One Proposals

There are no “magic” formulas for proposals – I often see and hear leader advertisements from other LIT offices with suggestions that you can write off 80% of your debt or they can fix your problems in 15-30 minutes.  While both promises contain elements of truth, they also both exaggerations. Let’s start with the time […]

• Consumer Proposals
• Division One Proposals

Division One Proposals can filed by corporations, individuals or filed jointly.

• Consumer Proposals

If something changes, don’t despair, you can renegotiate existing proposals – talk to your LIT.

• Bankruptcies
• Consumer Proposals

Licensed Insolvency Trustees are often asked “what is the difference between a Proposal and a Bankruptcy?”.  The answer is a little complicated because it depends a lot on your individual circumstances. If you have no house and low income and have never been bankrupt before then a Bankruptcy may be a better solution, however, if […]

• Bankruptcies
• Consumer Proposals

Quebec introduced legislation to regulate the banks and the impact on insolvency statistics was startling.

• Bankruptcies
• Consumer Proposals

Free bankruptcies and proposals? Well not entirely, but in a sense insolvency proceedings are frequently paid for by deductions from money that would otherwise be available to Creditors. In effect then, it is they who pay for consumer proceedings.

• Consumer Proposals

Consumer proposals help Ontario homeowners, perhaps far more than may be expected. Reduce your debts and stay in your home.

• Consumer Proposals

The Bankruptcy & Insolvency Act does provide a number of consumer protections for people filing consumer proposals.

• Bankruptcies
• Consumer Proposals
• Something to Think About

After three years of highly impactful reckless lending, insolvency rates are starting to return to normal filing levels. We anticipate a slight uptick in the new year.

• Bankruptcies
• Consumer Proposals
• Counselling
• Something to Think About

Use this blog article as a guidline to compare debt solutions.

• Bankruptcies
• Consumer Proposals
• Something to Think About

Canada’s first choice for debt solutions, a proposal, can help you save your home while managing debt.

• Consumer Proposals
• Division One Proposals

CEBA Update, time is running out for repayment and manys small businesses are likely to have serious financial problems – we can help!

• Consumer Proposals

As you are preparing for your intial consultation with us, please keep in mind these three important questions, and bring along as much information as you can.

• Consumer Proposals

Proposals can be renegotiated after they have been filed and approved by creditors. If your situation has deteriorated or you have a significant, financial, material change talk to your LIT about convening a meeting of creditors to review the possibility of amending your original proposal.

• Consumer Proposals

Welcome to the Debt Pool – welcome to Canada. Canadian banks have their “newcomer programmes” where they provide free banking and $5,000 credit cards, without credit checks or income verification to new imigrants. Once they have you trapped in the debt pool they expect you to tread water for ever.

• Consumer Proposals

Get to know the differences between a Debt Management Programme and Consumer Proposal and which is best for you and your family.